When I do book signings, or I give talks, the most persistent questions relate to the Federal Reserve System, and our money. Needless to say these are question, which interest every American. Facts are facts, and the matter relating to the FRS its origins, and its functions violate our constitution, and cause great harm to every taxpaying American. Constitutionally only the legislative branch of government is allowed to "to coin money, regulate the Value thereof, and of foreign coin, and fix the Standard of Weights and Measures"; (1) When congress in 1913 enacted the XVIth amendment, which was not properly ratified and was meant as a temporary taxation measure, an amendment that again violated the constitutions provisions for equal and just taxation of all citizens (2) they also instituted the Federal Reserve Act. And created the IRS (Internal Revenue Service).

Any discussion of the FRS must as matters of reason include a discourse of the IRS, and the legislation that created all these. However most authors and commentators dwell on the mechanics of the situation, however the cause for the laws and the rationale for their enactments are not only more interesting but substantially more informative from the position of a taxpayer. Long before enactment the most powerful, at that time, banker in the world Lord Rothschild (Bank of England) made a very revealing statement, he said, " If I can coin the money and control the banking I don't care who runs the government". Rothschild knew fully well that if you hold the purse strings you control it all. Or as Herzel (3) said, "We thrive on the terrible power of the purse". The sad fact of the matter is that congress with these laws relinquished it own authority over money, its issuance, its value, and allowed the creation of fiat money (4), something directly prohibited in the constitution, and for good reason.

To define the FRS is a simple matter; The FRS is a private corporation, a monopoly, or a cartel if you prefer granted by the U.S. government in 1913. So we must look to the ownership of this cartel, in doing so we find an article in the NY Times dated Sept. 1914 in which according to the report of the Dow Jones & Co. listed the principal owners of the FRS. A copy of this article may be found in my book July 4th 2016 The Last Independence Day P41. Well, they do not exactly list the principal stockowners all of which are banks because they neglect to tell us who owned the sock of those banks. Since due to the elapse of almost 100 years there would also be considerable change in the ownership of those stocks in the length of time to the 21st century. But even in the early 20th century banking was a decidedly international affair. Today all banking is international and all banks are owned by many entities both foreign as well as domestic. A very strange and special arrangement was made in setting up the FRS. The stockholders are the large NY banks and the banks that comprise the system, with NYC banks holding the preponderance of the shares, over 52%. None of the member banks may sell any of the shares. A "board of governors" runs the system; Allen Greenspan is the present head. While the president appoints members to the board, they are always a choice of one person of three recommended by the bankers. This then proves that the executive as well as legislative branch have no power over the FRS. Furthermore since the term of membership of the FRS is longer than any executive or legislative position the bankers have power over it totally.

All operating businesses in the entire world have their annual report audited by a firm of CPA's to verify their honesty and operating legitimacy. The FRS in its entire history of almost 100 years has never once issued an annual statement, and has never ever been audited by anyone inside or outside of government. The very same is true of all the other "National" banks worldwide. In other words not one individual outside the FRS or any of the consortium of international banks has any idea whatsoever of their solvency, bookkeeping procedures, policy decisions causes, or even means of operation. Furthermore the cartel has the governments of their residence acting as an enforcement and collection agency by the force of arms.

While all the original incorporators were American citizens, most were also members of The Order the American branch of the Illuminist conspiracy, which was at the time of incorporation still centered in Bavaria. Between the incorporating members were Rockefeller, Harriman, Russell, Woodward, Backer, and Morgan all of which were Illuminists, Russell was one of the founder of The Order at Yale in New Haven.

Banking in the 21st century has become a decidedly international affair. The Trojan horse of "Free Trade" has been one of the issues introduced in order to internationalize business. Bear in mind that in every international transaction a bank acts as the conduit of transfer, and believe me they don't do this for free. All international transfer documents like LC's (Letters of Credit) etc. come with a percentage charge and a collection charge. The amount of money traversing international borders in this century is in the hundreds of billions every day. Bankers make a commission on each end of every transaction.

The ownership of banks has in the last thirty years changed radically. Thus banks that were unable to sell their shares of ownership in the FRS have been actively sought out for takeover by foreign banks. The degree of their success in domination of our American financial system is not known at this time, but can be assumed to be approaching over 30%. In other words one third of our "national" bank's can be assumed to belong to foreign interests. It can further be assumed that American banks own a substantial portion of many foreign banks, including the bank of England, The European Central Bank, and various Swiss Banks. Certainly BIS (The Bank of International Settlements) one of the largest banks in the world located in Basel Switzerland; sees ownership that is totally international, with American banks holding a substantial stake.

The Federal Reserve System, which is not Federal, not a Reserve and certainly not a System is held in the hands of an international consortium of conspirators whose primary interest is their own profits and expansive control of all monitory systems worldwide.

Theft by these systems is systemic in every industrialized nation of the world, through the creation of "National Debts". These national debts are the basis of the largest share of income of the operators of the FRS and like systems everywhere. You can easily determine how much you are personally contributing to their purse. All you have to do is to find out what portions of the collected national taxes are attributed to the repayment of the national debt, it is usually expressed as a percentage of the total budget. All you need do at that point is to take that percentage of your taxes and divide it by 12 and you then know how much you pay every month to these gonifs.

The only solution for this problem is the abolition of the FRS and return of control of our currency, its issuance, and distribution based on hard asset back to our Legislative branch of government.

(1) A I S 8 P5
(2) A I S 2 P 3 & A I A 9 P 4
(3) Herzel first president of the Zionist conclave at Basel Switzerland.
(4) Paper money whose value is based on trust or debt, not hard asset.

Dr. Krieg's latest book is Our Political Systems. Dr. Krieg also recommends The Liberty Dollar Solution.

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